FACULTY OF BUSINESS AND MANAGEMENT

UITM CAWANGAN KEDAH

GROUP ASSIGNMENT ACC106

KBA1185B

PREPARED BY:
NUR NABILAH BINTI NOR ARZAMI (2019216962)
SITI NABILA BINTI FADZLI (2019217004)
SITI KHALIJAH BINTI YUSOF (2019426902)
NURUL AIDA IZZATY BINTI JOHAR (2019428122)

PREPARED FOR:

DATE OF SUBMISSION:
 CONTENT

NO PARTICULAR PAGE

1 Background of Company

2 Transactions

3 Journal

4 Ledger

5 Trial Balance
INTRODUCTION
 BUSINESS BACKGROUND

Name :

Location Business :

Operation Hours : 8:00 a.m. – 10:00 p.m. (Sunday to Thursday)

No. tel : 011-87675677

Capital : RM 70000

Financial Year Ended : September 2021

 TRANSACTIONS

The following are the business transaction in 1 September 2021:

Sept 1 Started the business with cash RM 20,000, bank RM 30,000 and
premises RM 20,000.

2 Bought business equipment by cash from Natalia Furniture worth RM

2,500.

5 The business purchased goods from Muaz Runcit Enterprise on credit

amounting RM 2,000.

7 Sold goods worth RM 500 by cash.

9 Bought a display rack which cost RM1,500 from Sallofa Furniture paid
by cheque.

10 Sold goods to Puan Hanim amounting RM 800 on credit.

11 Paid general expenses RM 500 by cash.

12 The business returns good to Muaz Runcit Enterprise worth RM 500.

14 Puan Hanim returned goods worth RM 200.

15 The business paid the amount due in full by cheque to Muaz Runcit
Enterprise and received 10% discount.

16 Purchased goods for RM 3,000 on credit from Asri Mart Enterprise.

18 Sold goods worth RM 1,200 on credit to Amira Bread House.

The business purchased goods on credit RM 1,600 from Hanif Borong

Enterprise.

20 Obtained loan from CIMB Bank amounting RM 20,000 to expand the

business.

Amira Bread House returned faulty goods worth RM 150.

21 The owner sold goods to Hana Bakery worth RM 1,000 on credit.

22 Purchased refrigerator for RM 3,500 on credit from Seng Heng.

23 Sold goods to Rayna Bakery amounting RM 750 on credit.

25 Received sales commission by cheque RM 550.

Received rental payment worth RM 400 by cash.

26 Purchased goods worth RM 2,800 by cash from Jihad Enterprise.

27 Returned damaged goods worth RM 300 to Hanif Borong Enterprise.

29 Returned goods bought on credit RM 800 to Asri Mart Enterprise.

30 Owner took goods amounted RM 300 and cash RM 100 for her family.

31 Paid salary to workers RM 600 by cheque.

 JOURNAL

General Journal

Date Details Debit (RM) Credit (RM)

2021
Sept 01 Cash 20 000
Bank 30 000
Premises 20 000
Capital 70 000

02 Business Equipment 2 500

Cash 2 500
(Bought business equipment by cash from
Natalia Furniture)

09 Display Rack 1 500

Bank 1 500
(Bought display rack by cheque from
Sallofa Furniture)

22 Refrigerator 3 500
Bank 3 500
(Bought refrigerator on credit from Seng
Heng)

Purchases Journal

Date Particular Invoice No. Amount (RM)

Sept 05 Payable Muaz Runcit Enterprise 2 000

16 Payable Asri Mart Enterprise 3 000
18 Payable Hanif Borong Enterprise 1 600

Transferred to Purchases a/c 6 600

Sales Journal

Date Particular Invoice No. Amount (RM)

Sept 10 Receivable Puan Hanim 800
18 Receivable Amira Bread house 1 200
23 Receivable Rayna Bakery 750

Transferred to Sales a/c 2 750

Return Outward Journal

Date Particular Invoice No. Amount (RM)

Sept 12 Payable Muaz Runcit Enterprise 500
27 Payable Hanif Borong Enterprise 300
29 Payable Asri Mart Enterprise 800
Transferred to Return Outward a/c 1600

Return Inward Journal

Date Particular Invoice No. Amount (RM)

Sept 14 Receivable Puan Hanim 400
20 Receivable Amira Bread house 150

Transferred to Return Inward a/c 550

Cash receipt journal

Date Details Discount Bank (RM) Cash (RM)

Allowed
Sept 07 Sales 500
25 Commission Received 550
Rental Payment 400

550 900

Cash payment journal

Date Details Discount Bank (RM) Cash (RM)

Allowed
Sept 11 General Expenses 500
15 Muaz Runcit Enterprise 150 1350
26 Jihad Enterprise 2800
Salary Expenses 600

150 1950 3300

 LEDGER
Purchase Ledger

Payable Muaz Runcit Enterprise

Date Details Amout (RM) Date Details Amount

(RM)
Sept 12 Return Outwards 500 Sept 05 Purchased 2000
15 Bank 1350
Discount Allowed 150
2000 2000

Payable Asri Mart Enterprise

Date Details Amout (RM) Date Details Amount

(RM)
Sept 29 Return Outwards 800 Sept 16 Purchased 3000

31 Bal c/d 2200

3000 3000

Payable Hanif Borong Enterprise

Date Details Amout (RM) Date Details Amount

(RM)
Sept 27 Return Outwards 300 Sept 18 Purchased 1600

31 Bal c/d 1300

1600 1600

Sales Ledger

Receivable Puan Hanim

Date Details Amout (RM) Date Details Amount

(RM)
Sept 10 Sales 800 Sept 14 Return Inwards 400

31 Bal c/d 400

800 800
 Receivable Amira Bread house

Date Details Amout (RM) Date Details Amount

(RM)
Sept 18 Sales 1200 Sept 20 Return Inwards 150

Bal c/d 1050

1200 1200

Receivable Rayna Bakery

Date Details Amout (RM) Date Details Amount

(RM)
Sept 23 Sales 750 Sept 31 Bal c/d 750
750 750

General Ledger

Capital

Date Details Amout (RM) Date Details Amount

(RM)
Sept 31 Bal c/d 70000 Sept 01 Cash 20000
Bank 30000
Premises 20000
70000 70000

Business Equipment

Date Details Amout (RM) Date Details Amount

(RM)
Sept 02 Cash 2500 Sept 31 Bal c/d 2500

2500 2500

Premises

Date Details Amout (RM) Date Details Amount

(RM)
Sept 02 Capital 20000 Sept 31 Bal c/d 20000

20000 20000

Display Rack
Date Details Amout (RM) Date Details Amount
(RM)
Sept 09 Bank 1500 Sept 31 Bal c/d 1500

1500 1500

Refrigerator

Date Details Amout (RM) Date Details Amount

(RM)
Sept 22 Bank 3500 Sept 31 Bal c/d 3500

3500 3500

Bank

Date Details Amout (RM) Date Details Amount

(RM)
Sept 01 Bank 30000 Sept 09 Display Rack 1500
31 Total Receipt 550 31 Total Payment 1950

Bal c/d 27100

30550 30550

Cash

Date Details Amout (RM) Date Details Amount

(RM)
Sept 01 Capital 20000 Sept 02 Business Equipment 2500
31 Total Receipt 900 31 Total Payment 3300

Bal c/d 15100

20900 20900

Sales

Date Details Amout (RM) Date Details Amount

(RM)
 Purchases

Date Details Amout (RM) Date Details Amount

(RM)

Return Outwards

Date Details Amout (RM) Date Details Amount

(RM)

Return Inwards

Date Details Amout (RM) Date Details Amount

(RM)

Commision Received

Date Details Amout (RM) Date Details Amount

(RM)

General Expenses

Date Details Amout (RM) Date Details Amount

(RM)
 Salary Expenses

Date Details Amout (RM) Date Details Amount

(RM)

Discount Received

Date Details Amout (RM) Date Details Amount

(RM)

Rental Received

Date Details Amout (RM) Date Details Amount

(RM)